The auction winners receive their share of the tokens, and 80% of the Ethereum proceeds are used to buy more Axion tokens from the major cryptocurrency exchanges, with the remaining 20% going to fund the operation of the network itself. Buyers can bid for those tokens using Ethereum, with payouts determined by their ultimate share of the total bid pool.
Then, the Axion network holds a daily auction of available tokens resulting from early or late withdrawal penalties. Investors can buy Axion tokens and enter into a smart contract where they agree to hold on to their stake for a set period. The way Axion works is brilliant in its simplicity. Recommended AI News: AnyVision Raises $43 Million As The Demand For Safe, Seamless Access To Shared Spaces And Remote Services Skyrockets The important part, however, is that Axion features an 8% yield, where comparable investments struggle to produce even a quarter as much. The idea is to provide a less volatile way for average investors to use cryptocurrency as an income stream, just as they might with a conventional CD or dividend investment portfolio. It differs from conventional cryptocurrency offerings because it’s designed to function like a traditional certificate of deposit – yielding high defined returns in exchange for pre-agreed periods of investment. It’s called Axion, and it’s a revolutionary crypto-investment vehicle aimed squarely at income investors. And now, a new cryptocurrency is about to make its debut that aims to take the next big step for the industry. Beginning with Bitcoin, and then moving on to the smart contracts of Ethereum, followed by growing regulatory acceptance within major economies, it’s been an exciting start to the 21st century. The world of cryptocurrencies has undergone several transformative events in recent years.
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